The Week Ahead: Are Investors Really Too Optimistic About DoorDash Inc (NASDAQ: DASH)

DoorDash Inc (NASDAQ:DASH) currently has a daily average trading volume of 4.14M but it saw 6216516 shares traded in last market. With a market cap of 80.10B USD, the company’s current market price of $190.66 came rising about 2.94 while comparing to the previous closing price of $185.21. In past 52 weeks, the stock remained buoying in the range of price level as high as $215.24 and as low as $99.32. In the recent trading on the day, stock has struck highest price mark of $185.195 while lowest mark touched by it was $192.63.

Taking a look at 20-day trading activity of DoorDash Inc (DASH) gives us an average price of $190.19, while its current price level is -11.42% below from 52-week high level whereas it is 91.97% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $188.07 while that of 200 days or SMA-200 reads an average of $151.32. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.53% during that period while stretching the period over a month that increases to 4.98%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 51.31 which implies that the stock is in neutral territory.

Keefe Bruyette upgraded its recommendation for the stock as a “Outperform” from “Mkt Perform” on September 25, 2024 while assigning a price target of $177. Raymond James issued its recommendations for the stock as it resumed the price target for the stock is $155.

Over the week, DASH’s stock price is moving 1.58% up while it is -10.05% when we observe its performance for the past one month. Year-to-date it is 13.66% up and over the past year, the stock is showing an upside performance of 46.04%.

Currently, DoorDash Inc’s total number of outstanding shares is 393.82M. Company’s return on investment (ROI) stands at 1.49% and return on equity (ROE) at 1.68%. It has a price to earnings ratio (P/E ratio) of 719.47 while having a 51.34 of forward P/E ratio. Stock’s beta reads 1.68. Stock has a price to book (P/B) ratio of 10.25 while price to sale or P/S ratio amounts to 7.47. Its return on asset (ROA) is 1.04% on average.